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Departmental papers are usually focused on a specific economic topic, country, or region. They are prepared in a timely way to support the outreach needs of the IMF’s area and functional departments.
Financial services in particular is one non-oil area where the emirate is starting to pull ahead, with recent growth in the Islamic financial services segment fuelling the emirate's ambition of becoming the knowledge-based capital of the Islamic economy in the future. Meanwhile, Dubai's real estate and construction sectors, which were badly affected by the 2008 financial meltdown, are once again thriving as the legacies of the global crisis recede, and the debts incurred from that time are repaid and restructured. Indeed Dubai is now firmly focused on the future, with preparations for Dubai Expo 2020 in particular helping nourish its economic recovery, development and growth in recent years. The event is expected to attract 25m visitors over a six-month period and the build-up is driving development across several sectors. The preparations,
In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business. Already a regional and global centre for business and finance, Dubai’s reputation has been bolstered by the MSCI’s decision to upgrade the UAE from frontier to emerging market status in 2014, while the emirate’s successful Expo 2020 bid is expected to generate myriad opportunities for private investors across a range of sectors. Construction is thriving once again, driven in large part by strong retail sector growth, with various projects, including plans for the world’s largest mall, indicating that the sector will maintain its position as the emirate’s biggest GDP contributor moving forward. The transport and logistics framework is set for major expansion in the coming years as well, furthering cementing the emirate’s status as a leading transport and logistics hub not just regionally, but globally too. The continued development of Dubai’s retail and hospitality offerings, alongside the upgrades to its airports, should help to ensure robust growth in visitor numbers from both the region and further afield.
Data are provided for more than 80 minerals and materials, along with a presentation of survey methods, summary statistics for domestic nonfuel minerals, and trends in mining and quarrying in the metals and industrial minerals industry in the United States.Virtually all metallic and industrial mineral commodities important to the U.S. economy are discussed. Background information enables analysis of the data, and covers production, consumption, prices, foreign trade, a world review, and an overall outlook.
Insecure Gulf examines how the concept of Arabian/Persian Gulf 'security' is evolving in response to new challenges that are increasingly non-military and longer-term. Food, water and energy security, managing and mitigating the impact of environmental degradation and climate change, addressing demographic pressures and the youth bulge and reformulating structural economic deficiencies, in addition to dealing with the fallout from progressive state failure in Yemen, require a broad, global and multi-dimensional approach to Gulf security. While 'traditional' threats from Iraq, Iran, nuclear proliferation and trans-national terrorism remain robust, these new challenges to Gulf security have the potential to strike at the heart of the social contract and redistributive mechanisms that bind state and society in the Arab oil monarchies. Insecure Gulf explores the relationship between 'traditional' and 'new' security challenges and situates them within the changing political economy of the GCC states as they move toward post-oil structures of governance. It describes how regimes are anticipating and reacting to the shifting security paradigm, and contextualizes these changes within the broader political, economic, social and demographic framework. It also argues that a holistic approach to security is necessary for regimes to renew their sources of legitimacy in a globalizing world.